Personal Finance

The Act exponentially increases the tax benefits available to practices that wish to update equipment and certain other property to more technologically-advanced forms of property.

All a plaintiff attorney needs to know is whether you have deep pockets and whether you have taken the necessary steps to build protective walls around your money.

Opportunities that exist today may not exist in December when many people are scrambling to do their year-end planning and make their financial New Year’s resolutions.

Fractional ownership is when individuals purchase a portion or share of an expensive asset that they otherwise may not be able to afford on their own. The buyers share the cost of the asset and, in some cases, they also share the costs of maintenance, fees, taxes and management costs for the asset.

Physician investors should be aware of the potential for abuse and the impact of executive stock options on the value of their investment in a company, investigate the company's past practice and current policies regarding these grants, and make their investments in an informed manner.

As the traditional investment markets increase in volatility and deliver sub-par results, investors are looking for different ways to make money. Many individual investors are coming in contact with the concepts classified as “alternative,” without truly understanding the proper benefits, uses, and risks.

While most policy holders would consider a life insurance contract as a periodic expense, the fact is that the contract represents an asset. A lawyer would refer to it as personal property. As such, it can be purchased and sold in the open market at its fair market value.

Before you can evaluate the risk of a specific investment, you must understand the types of risk that exist and how to measure them.

Here’s the problem: traditional estate planning is Death Focused; Advisor Driven; Money Only; Solutions in Search of a Problem; Complicated; Confusing; and Client Dependent.

A properly drafted succession plan looks at leadership and the transfer of control. It also minimizes the estate and gift tax consequences, which can cripple the ongoing success of the business during the transfer period.